WASHINGTON, June 10 (Reuters) - U.S. President Donald Trump ‌said on Wednesday that he might not renew ⁠the USMCA free trade deal with Canada and Mexico. Speaking at the White House, ‌the ⁠president said he was discussing the ⁠matter with Mexican and Canadian ⁠leaders.

Reporting by Bo Erickson ⁠and Gram Slattery; Editing by Doina Chiacu

archive.org archive link: https://web.archive.org/save/https%3A%2F%2Fwww.reuters.com%2Fworld%2Ftrump-says-he-might-not-renew-usmca-2026-06-10%2F

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[–] grey_maniac@lemmy.ca 2 points 1 month ago (2 children)

would either of you care to share unbiased evidence supporting your statements?

[–] avidamoeba@lemmy.ca 1 points 1 month ago

Manufacturing wages sit at 113.5K CNY. Purchase power parity factor is 3.53. That means those wages are equivalent to what US $32K per year buys you in the US. The trend is for this to grow 4-6% per year. Don't know if Chinese welfare and high housing ownership is factored in.

https://tradingeconomics.com/china/wages-in-manufacturing https://data.worldbank.org/indicator/PA.NUS.PPP?locations=CN

[–] CanadaPlus@lemmy.sdf.org 1 points 1 month ago* (last edited 1 month ago) (1 children)

The World Inequality Database. I'd do a TL;DR, but I'd be reinventing the wheel.

It's important to know this is about wealth, while @avidamoeba@lemmy.ca is going by income. If you're out to defend China, you could say sure, they own less and less but the government will look after them, and make sure wages stay high. If that's a good bet in light of history is another question.

[–] grey_maniac@lemmy.ca 2 points 1 month ago (1 children)

Thank you. This is interesting information.

[–] CanadaPlus@lemmy.sdf.org 1 points 1 month ago* (last edited 1 month ago)

No problem! Glad to hear someone else appreciates it the same way.

One explanation would basically be cronyism in a country where there's endemic corruption and the government intervenes a lot, and however it wants. It's a pretty classic story from economies all over.

The funny thing about that is that the CCP actually tends to leave certain sectors alone, more than the West even would. It's like a hybrid Confucian/Maoist thing where they don't want to concern themselves with the merchant class. (All I have for evidence on that one is hearsay, sorry)